ANSWERTHINK SEEKS BUYER FOR AD GROUP

Published on February 26, 2001.

AnswerThink, Miami, an e-business developer, is trying to exit the traditional advertising business by attempting to unload its Los Angeles and Seattle offices, according to executives close to the companies. The Los Angeles office, called 120 Advertising, and the Seattle office, called Think New Ideas, were part of Think New Ideas, New York, which AnswerThink acquired in November 1999. The two offices have been given the OK, according to an executive close to the situation, to explore potential buyout options. Omnicom Group owns about 2% of AnswerThink. An AnswerThink spokeswoman said it doesn't comment on speculation.